The radix term, Inc. OverviewWhen the housing market boomed, so did construction companies and construction material suppliers. Every aspect of construction had an increase in demand from development companies looking for a large publish of building materials, and from a large consumer convention of new menageowners. As a result, a company such as The nursing home Depot was able to capitalize from the success of the construction and home improvement markets. Unfortunately, due to the current economic challenges, the current financial and associate information for the company differs from that of its successful period. However, evaluating the Home Depot?s current market condition and recognizing government regulations that whitethorn affect the industry will present possible solutions to issues and signalise present opportunities faced by the company.
The Home Depot, Inc., which was founded in 1978, is the human?s largest home improvement store that operates 2,274 stores throughout br oppositehood America, Puerto Rico, Mexico, China, and Canada. The company is the second largest retailer in the United States interest Wal-Mart, and has approximately 300,000 employees as of the last quarter in 2008 (The Home Depot, Inc., 2009). The company supplies almost 45,000 items which are not limited to entirely include: lumber, floor and wall coverings, tools, paint, appliances, fixtures and almost every necessity item for home improvement.
The company marketed itself to the large do-it-yourself consumer group and created the slogan, ?You can do it. We can help.?Although The Home Depot is the attraction in the home improvement market, the company is far from a monopoly because the company is an oligopolistic firm. The Home Depot?s competitors are other hardware and home improvement suppliers such as unfeigned Value, Orchard Supply Hardware, and ACE Hardware. However, Lowe?s poses the greatest panic for Home Depot.
It has been well established that currently the United States is...
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